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account deficits, we're not shipping as much joe seas? >> when people think of the economic situations, they think of the u.s. but what it will do, it will cut into the u.s. deficit and it will cut into the chinese surplus. and you ask the average economist for the last three or four years before the crisis, during the crisis, after the crisis, what's the global economic problem, number one, the answer probably isn't microimbalances. trade surplus in the u.s., trade surplus and china. what i didn't know is that still more than half of the u.s. deficit of goods and services is energy imports. >> and that's going to go away? >> as things are going, that might be going away. at the same time, china surplus will suffer from the tracing of independence of china. >> that's strong dollar weak yuan. becky. >> just an observation. >> first, tight oil, i haven't heard of this before. i know where the marcellus shale fields are. where is tight oil? is it in the same sort of locations? >> same. traditionally, coming out of gas yields because of this huge different between gas and oil prices. which
up by the fed money printing. our deficit is as well as it makings it cheaper for poll tish shuns to borrow. former representative ron paul says why the fed is addicted to the this. you don't want to miss ron paul coming up. lauren: despite the cyprus scare, our next guest says they offer good investments. he will tell you which ones to buy. his answers certainly surprised me. lauren: time for a quick speed read of some of the day's other headlines. five stories, one minute of the first up, general motors recalling 34,000 vehicles to fix transmissions. recall affects 2013 buick lacrosse and cadillac srx crossover models. >>> u.s. crude oil production set to pass imports for the first time in 18 years. the gap between monthly oil production and imports is projected to be nearly two million barrels per day by 2014. >>> neiman marcus settles with the federal trade commission after claiming its products were made with faux fur when they contained real fur. it prohibits the retailer from violating those laws for 20 years. >>> total number of mortgage applications subpoena applied for i
deficit. for students in detroit problems with the education system are being magnified by that community's economic troubles. if you look statewide a quarter of michigan children under 17 were living in poverty in 2011. compare that to detroit where the number is more than twice that much. it is 57%, folks. nearly two in three detroit children 5 and under are below the poverty line. msnbc's correspondent joins us live from detroit where she'll cohost a summit on education today and a student town hall tomorrow. those numbers are frightening and daunting. >> they really are startling numbers. i've got my notebook with me because i'm going to school today, chris. it has a lot of people worried and concerned and working to change the dynamics of those numbers. that's what we'll be talking about here. many people are also concerned about the fact, the elephant in the room we can't dismiss that come monday the city of detroit will be under the auspices of an emergency financial manager. people should also know for the past four years detroit schools have been under emergency management and in
's deficits were unpatriotic and a fraction of what these are. and 2009 cut the deficit in half he the end of the first term and that was essentially ignored in 2012 when he ran for reelection and failed to do that and mentioned one time in the newscast in one year. and 2012 told msnbc taking care of the deficit being the first order of business, this week, or last week, he said no and you're not going to get a balanced budget for the the sake of balance and sustainable for the next ten years. i think he's clearly moving the goal post, a watch dog press would be all over this, but seem to be ignoring this. you should see the e-mails, our viewers are all over it. rich, thank you. tax the rich not playing well overseas or at home for that matter. listen to this. >> in france, the approval rating of the socialist president hollande has plummeted to a mere 31%. remember, hollande came to office proposing a huge tax on the rich. here, bill maher of all people are turning against high taxes. yes, bill maher. complaining about how high his taxes are, would you know it. the man who gave a million
you need to deal with it budgets and deficits and you need to keep growth going. here is what i saw over the weekend. recession in greece which is a actually a depression if you line it up against the u.s. great depression in 1929 it looks a lot a like in terms of how much unemployment there send a how much the economy was contracted. greece is having our great depression of the late 1920s. >> wow. >>> moving on to washington now. president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. he is at odds with other members of his party including house speaker john boehner who is ruling out the prospect of any new taxes. >> i think, by the way, there is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months. i think republicans, if they saw true entitlement reform would be glad to look at tax reform tha
the president a major deficit reduction victory or not? if they really believe that needs to be done and the president put something on the table that gets them significant entitlement reform and savings, i think they've got to do it. >> harold, i think the possibility of deals and immigration, possibility of deals on guns, possibility of deals on the budget, on the long-term debt, i think the possibilities are actually -- excuse me for being optimistic, pretty darn good on all fronts. you've got republicans who daily are holding press conferences wringing their hands trying to figure out how to save their party. and you have a president who, again, he's a 47%, pretty damn good considering everything. but still, he wants to be over 50% and he wants a legacy. he doesn't want to just talk about what he did the first two years. >> i agree. i believe the prospects for progress on both immigration and gun control are gun regulation. if we get progress on the budget and the debt. i think immigration and gun regulations are easier to win. if the economy hobbles along and don't get me wrong,
'll be a while, in other words. dagen: it will be a while, but the good news is the budget deficit is actually declining. suggesting a decline for the next three years, so there's a little bit of time in washington to get it right. it is not as imminent, you have not done sequestration, but it is still the fed, all about the fed. what the market will be focused on is not so much when they will raise rates because that is forever into the future, but will they be skimming back the 85 billion in purchases? i don't think there will be any sign that will happen. i think it is helping the economy. connell: you agree with the policy? >> i agree with the policy, but what is propping up the stock market is the better economy. and i cannot attribute that alter the fed. a lot of people don't think the fed is doing very effective, think it works a little, but housing is coming back certain the fed is helping that, jobs, business investment more than just the fed, that is a general improvement in the overall economy, there's no question the fed kept at it. but there is more to it than just the fed. connel
that the obama care would be deficit-neutral and control costs i think has turned out to be a charade. if you look at the longer term projections it looks especially more unlikely today than it did when they were engaged in the budget that allowed it to pass. what i think is interesting on the political side is how republicans are treating the issue right now. there is a debate inside the republican party whether it's wise to continue talking about obamacare. on one hand you have a group that says in effect this is over, this is done, we should tweak it, try to improve it, do what we can. let's not focus op it because it's in the past and discussion of aweer thety. on the other hand people think talk about it all the time because implementation is proving difficult and it will be more difficult as we go along to the republicans' benefit. >> bret: the second group of republicans believe the thing could crater. it could just not work. >> correct. that is a possibility. i think that the comment we just heard, there are thousands of pages of regulation that people haven't read is true. i don't ca
that is about. i do know $16.7 trillion debt, growing at the rate of the deficit every year, is a big problem. >> so they see, they say -- i want to stress it is a big problem, but not an immediate crisis, di does that take the urgency off of addressing it? >> no, it does not, what business, what investment and capital is looking for is they are looking for tre deccability -- predictabilitiy and stannability, which they see the movement going on in the debt itself, that offers neither. >> when you and the governors met with the president, a weeks ago, and you talk, i think you were knee deep in the whole sequestration debate. and president's warning that disaster is coming. >> that was the story. neil: and i thought to myself, governor, i mean, holy cow. however onurus the cuts would be, they are in a 3.6 -- budget, if whining about these cuts what are we doing when we have to put pedal to metal. >> i don't know, i can tell you that the governors said for the most part, we can handle this we've been balancing our budgets since '08 when the downturn came. neil: did any of you say, quit scaring
, italy because they're all suffering and because of too much spending, too much debt, deficit is too high. all right, senator, congratulations on your big win. i know when you announce if you're running for president you'll do it hear? you want to make that promise? >> oh, yeah, we didn't already announce it. >> sean: no, i'm just checking. thank you, senator. >> all right. >> sean: appreciate it. and coming up on "hannity." >> i studied the constitution myself. i'm roonebly well-educated and i thank you for the lecture. >> i would note that she chose not to answer the question that i asked. >> the answer is obvious no. >> sean: well, she did need the lecture, left wing senator dianne feinstein says she felt, quote, patronized by that exchange simply because she was asked about the assault weapons ban. and ted cruz will join me to respond and later dr. benjamin carson brought down the house over at cpac and hinting that he may run for the white house. i'll ask him about that and much more. this is a jam-packed edition of "hannity." much more straight ahead. ♪ [ slap! ] [ male announcer
the deficit. you have to have a process. now every package we get has been 11th-hour, crafted by the leadership behind closed doors. it concentrates the power in the hands of leadership and takes at away from the rank and file. take gets you to a place where i did not get everything i wanted, but i get some of what i want it. everybody does not expect to get 100 percent. you did not expect that you are going to get more hundred% adopted. the same is true in congress. they have to reconcile those differences. the only way to do that is still a legitimate process. it has to be bipartisan. somebody is on to say, bipartisanship is not a theory, it is a political necessity. >> i am going to have to ask if we have time for one more question. we have time. you guys are lucky, at least one of you is. inwill get to a microphone one second. would you please come up here. the sandtist and on -- sanford andl don't that society. one of the major concerns in this country is the affordable health care act, and there is a lot of concern about that. i have to ask senator daschle, snowe, and no
federal deficits in five years makes it imprudent to jump in with both feet. consider on tuesday paul endorsed a version of immigration reform that would allow the 11 million or so undocumented immigrants in this country to become legal. the week before he defied the hawks in his party to lead a 13-hour filibuster in protest of the obama admission's secretory over its drone war fare program. >> dan senor, you've been involved in republican presidential primaries lately. sorry about that. how would those issues stack up in new hampshire and iowa and south carolina and florida? >> i think the politics, his politics on pure fiscal issues will have tremendous resonance as his father experienced in some primary states and caucus states. i think what is untested is -- from a -- from a political standpoint is his position on foreign policy. his father never really broke through on the neoisolationist politics at the grassroots level beyond a narrow segment of the electorate. rand who i've spent time talking about these issues is much salvier than his father. >> his father blamed in effect u.
. cyprus needed a total bail out of 17 billion euros and they needed to to fund their banks and deficit. they said we will only give you ten and you have to come up with the other seven. it led to runs on atms in cyprus and protests as the president arrived at parliament. here's what they decided to do. they're going to tax bank depos sxits the ox original plan on saturday, 10% if you have an account larger than 100,000 euros and here's what led to the protests, 6.75% if you're under 100,000 euros and that's fdic deposit insurance. market watchers were aghast that insured depositors would be hit, but the insurance was essentially a falsehood. what if citizens in italy or spain begin to think that they being lose their money even if it is supposedly insured? could that lead to bank runs? it is so controversial the cyprus parliament couldn't get it passed yesterday. they say they would do it today. it didn't happen and now they're trying for tomorrow. they are re-working the plan so the smaller guy is not hit so hard, but still, it appears they're going after insured deposits. why did the
a surplus of politics and deficit of intelligence when it comes to this. germans and fins and a number of others feel they have to tell very uninformed electorate that they are being tough. we have to extract some blood. they don't understand that this is a two pointed sword. by trying to extract blood from greeks sand cypriots they are inflicting enormous pain. $500 billion worth of capitalization around the world wiped out. >> as moronic as this plan was, we've heard there are not a lot of options. >> there are options. >> first of all, they should be putting in place the equivalent of the fdic. when we close a failed bank in the united states, we go in on a friday with fdic and occ. it's all hush hush. you close the bank. you move the depositors money into a good bank and you don't lose faith in the banking system. >> don't they need 27 countries to put that in their charter? >> this is what europe was moving toward. this is what was recognized this past summer and this is why -- >> we knew it would take time. >> this throws that out the window and the thing is that they're not sayi
to approximately 5 billion euros. because then all your financing are the government deficits. >> adam, thank you so much. >> my pleasure. >> becky, you highlight a really good point. what is very clear from this government and also from the people on the ground that i've spoken with is they absolutely don't want to see a reduction in the sides of the banking system here because they know that is what 50% of the economy and a ton of the jobs, as well. they realize it's going to be a change of livelihood. changes that will happen in this country no matter what are going to be startling to the people here. >> i saw all the headlines coming from russia and the president here making strong comments. is that going to fall on deaf ears in europe? is that not a big deal as far as they're concerned? >> that would be my interpretation, absolutely. would you agree with that, adam? whatever russia says is going to fall on deaf ears when it comes to the troika? >> it doesn't fall on deaf ears. but the europeans have made a categoric statements. cypress has to come up with 5.8 billion euros. it can't be throu
-point deficit to beat the cleveland cavaliers 98-95. they have now won 24 games in a row. >> bill: can you imagine being down 27. >> i mean that's -- in the third quarter being down that much is daunting. but it shows just how dominant lebron james is, when he is ready to turn it on, he turns it on, and there is no stopping him. which is different than he used to be. now he is a monster. >> bill: you have got it. we have a great lineup for you for the rest of the program, congress woman judy chu from southern california will be joining us as well as a friend of bill from the "huffington post" and joe, our own foreign policy guru who will bring us up to date on what the president is up to in the middle east and his syria in fact use chemical weapons as has been reported. and the republican party engaged in a sort of a civil war. we'll get into that, but first -- >> announcer: this is the "full court press." >> espn releasing president obama's complete march madness yesterday as the men's tournament gets underway today. number one louisville, indiana, ohio state, an
, thankfully. >>> facing a $1 billion deficit, chicago public school system is making some really big changes. ceo barbara byrd bennett says the district's underutilized skols will be closed. they have not said how many schools are expected to close but opponents say they unfairly target minorities. >>> 24 and counting for the miami heat. but it was not easy. it hasn't been easy the last few games. lebron james and company came back from 27 points down in the third. >> can you believe that? >> beat his old team, the cleveland cavaliers 98-95. a triple-double. 12 boards, 10 assists. the heat are now within nine games of the nba record for consecutive wins held by the '71-'72 los angeles lakers. >> do you think they'll do it? >> no. they almost blew it against the celtics, almost blew it against the cavs. they are the best team i've seen in years. i don't think they should ever lose necessarily but that's a lot of games to win in a row. >> i can't believe they were down that much and came back. >> i can't believe you can do that every night. >> i think they're doing it on purpose. >>> recovered
deficit. we're spending a trillion more than we take in every year. everything has to be on the table. one thing i would suggest is that there are tipping points to everything. in the middle class segment people between $100,000 to $250,000 in home purchase price, mortgage interest makes sense to the middle class borrowers. and the question is do they count that when they look to buy a home versus rent. people stopping buying altogether. if it has an impact, how does that impact construction? has to be on the table. it has to be something we take in context with the broader picture. >> help us get rid of freddie and fannie some day too. put something together for me, will you? >> keep in mind, while we sit around and vilify freddie and fannie. >> see you love them. that's a shock. >> i don't. i think we ought to go away from them. but we need liquidity to ensure there's capital. >> can't do it now. especially now. all right. great hair. good looking man. and you watch, unlike some other people that work here. anyway, thanks, dave. >> you may not watch for a few minutes when you walk to get
for this in more ways than one. you think about the deficit, the government doesn't have this kind of cash and people are concerned this isn't necessarily the best use of taxpayer money. in the video, you saw a second ago, people are dressed up as crew members on a starship enterprise, and the government employee version of characters claiming they will boldly go where no government employees have ever gone before. it is funny. but i watched the videos with my producer and we were trying to to figure out the training value and people have similar questions. >> i have been since corrected and am about to burst into a fit of giggles and i inappropriately said it is "gilligan's island," not whatever i said. what is the irs saying about this in. >> they came up with this statement saying it is -- i'm quoting now, no mistaking this video does not reflect the best stewardship of resources, and that video of this type will not be made today. so the irs does say training gener videos in general are cheaper. that would involve some travel. >> okay. zain asher, thank you. >>> honeymoons, they are th
the deficit while 38% said, spending should be increased to boost job creation. tracy: hmmm. how about that? all right, joining us with more on this bill passed today that peter barnes was just referencing too and americans feeling on the economy, congressman marsha blackburn. thanks for being with us today. start with the continuing resolution. here we go again, kicking the can down the road, buying some time. we'll be back to square one in a couple months. then what? >> i'll tell you at least what we have is a continuing resolution that recognizes the reductions that were made, the spending reductions that were made through sequestration. so that is, that's a good, a good solid step. with the budget, we have passed ours in the house. it will be the first time in several years for the senate to actually pass a budget. i guess they want their paychecks next month. and then, you know, tracy, let's see what comes forward as we try to working is out. they continue to say balanced approach but i'll tell you, i think the american people, there in your fox poll are exactly right. you have to get
Search Results 0 to 20 of about 21 (some duplicates have been removed)